{
    "success": true,
    "data": {
        "leverage": true,
        "derivates": true,
        "swaps": true,
        "inverse": true,
        "replication_method": "synthethic",
        "ucits": false,
        "type": "ETP",
        "complex_factors": "Leverage, Swaps, Daily reset and compounding effect, 3x Short Index exposure.",
        "classification": "complex",
        "supporting_data": "This ETP is classified as complex due to several factors. First, the ETP utilizes a 3x short strategy on the AMD index, which inherently involves leverage.Leverage magnifies both gains and losses, increasing risk.Second, the ETP relies on a swap with Natixis (the Swap Provider) to replicate the performance of the underlying index. ESMA considers any derivative use inherently complex due to counterparty risk. This is a Total Return Swap (TRS).Third, the strategy involves daily resets, leading to a compounding effect that can significantly deviate from the expected -3x return, particularly in volatile markets. This structure and the potential for large, unexpected losses make it difficult for retail investors with basic knowledge to understand the risks, supporting a complex classification. This is highlighted by the KID stating 'You are about to purchase a product that is not simple and may be difficult to understand'. This product is described as a 'non-simple' product. The risk indicator is very high, at the highest level 7/7."
    }
}